Sepehr Safaee YourOttawaRealEstate.com's blog
One in four buyers say they had to cut back on expenses, rely more on savings and buy a smaller home.
Your home reflects who you are, and you’re way more than a selection of tasteful paint and furniture. Why not celebrate your passions by incorporating them into your decorating? When your talents, skills, and hobbies are on display as a natural part of your decor, you feel more inspired and more at home.
The First-Time Home Buyer’s Incentive – the federal government’s much-debated mortgage equity sharing program – went into effect Sept. 2. It’s designed to reduce monthly mortgage costs by boosting qualified buyers’ down payments with an interest-free cash infusion from Canada Mortgage and Housing Corp. (CMHC) (five per cent for resale homes and five per cent or 10 per cent for new builds).
For many, saving for a down payment is one of the biggest roadblocks to becoming a homeowner. In today’s economic climate, saving money is challenging to say the least. Every month we try to put something away despite our normal expenses and it still seems like there is always something that will pop up and eat into our savings. Many people believe, “Real estate prices are so high that I will never be able to save 20 per cent, so I will never own a home”.
For the first time since the government implemented new stress test rules on Canadian home loans, the bar has been lowered — meaning a would-be homebuyer could be approved for a bigger mortgage today than they would have yesterday.
Everything you need to know about buying a home — on one index card.
A home is often the biggest financial investment you’ll make in your lifetime. In fact, a recent Zillow analysisreports that the typical American homeowner has 40% of their wealth tied up in their home.
New house? Hold that sledgehammer! You might want to hold off until you've settled in.
In today’s market, many buyers forego fixer-uppers for move-in ready homes. As a result, significant opportunities abound in prime locations as homes that need work linger on the market.
The lush lawn of your spring-loving dreams is just a few steps away.
Even if your lawn is made up of weeds more than actual grass, you can turn it around with some basic spring maintenance. Try these five tips to get your lawn ready before the weather warms up and the grass (and weeds) leave you in the dust.
Small kitchens can be a challenge. Use these tips to set up a kitchen that lets your inner chef shine.
Many homes come with kitchens that are less than ideal. The lighting can be terrible, the appliances old, the floors grimy … and counter space? Well, that’s a nice idea.
Get the most out of the kitchen space you do have with these tips.